Gastar Exploration said that the Streater #1 well has been successfully completed in a single middle Bossier zone, which is producing at a gross sales rate of approximately 10.3mmcfd of natural gas at a flowing casing pressure of approximately 8,900psi.
The company said that the Streater #1 well was drilled in the northern portion of Gastar’s acreage that confirms that the middle and upper Bossier formations are productive across a large portion of Gastar’s 32,000 gross acre leasehold.
This completion is from a single zone and the company has planed to add at least two additional Bossier completions once the formation pressure in this zone declines.
Gastar has a 100% before payout working interest (approximately 76% before payout net revenue interest) in the Streater #1 well.
Gastar Exploration is an exploration and production company focused on finding and developing natural gas assets in North America.